Wendling Brian J 4

4 · Liberty Media Corp · Filed Dec 17, 2025

Insider Transaction Report

Form 4

Period: 2025-12-15

Liberty Media CorpFWONK

Wendling Brian J

CAO/PFO

Transactions

Other
Series C Liberty Live Common Stock
2025-12-15−17,266→ 0 total
Other
Restricted Stock Units - LLYVK
2025-12-15−1,133→ 0 total
→ Series C Liberty Live Common Stock (1,133 underlying)
Other
Restricted Stock Units - LLYVK
2025-12-15−3,046→ 0 total
From: 2026-12-03Exp: 2026-12-03→ Series C Liberty Live Common Stock (3,046 underlying)
Other
Stock Option (Right to Buy) - LLYVK
2025-12-15−8,422→ 0 total
Exercise: $33.97Exp: 2030-12-08→ Series C Liberty Live Common Stock (8,422 underlying)

Footnotes (6)

[F1]On December 15, 2025, Liberty Media Corporation (the "Issuer") redeemed (the "Redemption") each share of its Series A Liberty Live common stock, Series B Liberty Live common stock and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc. ("Liberty Live Holdings").
[F2]Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live common stock.
[F3]In connection with the Redemption, all restricted stock units held by the reporting person with respect to the Issuer's Liberty Live common stock (each, a "Live RSU") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live RSUs were granted, such that each Live RSU was exchanged for a restricted stock unit with respect to an equivalent number of shares of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings.
[F4]This restricted stock unit award will vest on December 9, 2026.
[F5]In connection with the Redemption, all option awards held by the reporting person with respect to the Issuer's Liberty Live common stock (each, a "Live Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live Awards were granted, such that each Live Award was exchanged for an option to purchase an equivalent number of shares of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings.
[F6]This option award vests in three substantially equal installments on December 8, 2024, 2025, and 2026.

Documents

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